A wave of small business owners are about to retire. They should sell their companies to their workers

Baby Boomers own 2.9 million businesses across the U.S. It’s a unique opportunity to sell those business to employees and have a big economic impact.

Across America, inequality is rising, wages are stagnating, and inflation is worsening. At the same time, workforce participation is still lower than it was before the pandemic and employers, especially small business owners, say they’re struggling to find workers. And in the background is the rising “silver tsunami,” the growing population of aging Americans approaching retirement. Baby Boomers own 2.9 million businesses, which employ than 32 million people.

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